GLDUS143 Henry Nicholas Glendower Capital Secondary Opportunities Fund III, LP Section 9: Certain Legal, ERISA and Tax Considerations Confidential Private Placement Memorandum 70 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0038900 CONFIDENTIAL SDNY_GM_00185084 EFTA01354306